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Wall Street jumps on earnings optimism, Syria worries ebb; Dow up 1.1%

The gains came as first-quarter earnings season kicked off, with the world's largest asset manager BlackRock Inc reporting quarterly profit above Wall Street estimates

Reuters 

Wall Street stocks bounced higher on Thursday as expectations that lower US taxes would fuel corporate earnings added to easing of nerves over US military conflict with Russia in Syria. Growth stocks including technology, financial and industrial stocks led gains on the main US indexes. Boeing rose 1.53 percent and was the biggest boost to the Dow, while Microsoft and JPMorgan rose 1.5 per cent each, lifting the S&P 500. The gains came as first-quarter earnings season kicked off, with the world's largest asset manager BlackRock Inc reporting quarterly profit above ...

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First Published: Thu, April 12 2018. 20:44 IST
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